Commercial Real Estate Senior Transaction Admin (Closing)

What You'll Do
Do you enjoy working in a fast-paced environment where you can use your problem solving and analytical skills? If so, consider joining Principal as a Senior Transaction Administrator!
As a Senior Transaction Administrator you will independently provide a broad range of support activities to Acquisition/Disposition Team members and internal/external counsel to assist in completing Commercial Real Estate (CRE) closings. Accurately and timely perform due diligence for acquisition/dispositions and development transactions. Assist with more complex due diligence, ownership and/or closing functions as needed on acquisitions, and dispositions Maintain a thorough understanding of entity ownership signature blocks and authority/closing documents for respective clients. Provide day to day guidance to junior staff on tactical matters.
Principal Real Estate Investors, a top-10 global Real Estate manager with over $85B in assets under management, is the dedicated Real Estate investment group within Principal Asset Management! With over 60 years of experience our comprehensive, specialized capabilities across all four quadrants of Commercial Real Estate-private equity, public equity, public debt, and private debt gives us a unique perspective on Real Estate space and capital markets.

• Oversee and maintain the internal due diligence website (Box.com) to index due diligence information for acquisition/disposition CRE transactions. Assist Senior/Closing Consultant in requesting, reviewing, analyzing, organizing to ensure completeness, and monitoring the status and access to confidential due diligence information. Communicate, coordinate and follow-up with internal and external clients/consultants to ensure stringent transaction deadlines are met.
• Assist in the verification of closing documents, independently verify with counsel of signature blocks and closing correspondence with local counsel and Escrow.
• Independently obtain quotes and appropriately order title and survey for acquisitions and dispositions.
• Manage the transaction Due Diligence process by interacting with internal/external stakeholders (legal and title/escrow officers) maintaining data integrity /security by access controls, maintain & monitor the final Closing & Posting-Closing documentation and electronically file (Onbase) the final transaction closing documents for record retention.
• Send confidentiality agreements to brokers, coordinate legal review on any language changes to internal legal and finalize confidential agreements with Acquisition Director/Manager. Monitor prompt good communication with all stakeholders
• Perform other job-related duties or special projects as required.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Who You Are
Who you are

• Bachelor's degree or equivalent,
• 5+ years of job-related experience; preferred experience/background in CRE closings
• Requires excellent communication, coordination, detail orientation, follow through and the ability to multi-task and a fast pace, timeline dependent environment
• Requires analytical and organizational skills
• Strong technical aptitude, proficient in Microsoft Office (Word, Excel, PowerPoint)

Success Profile: The successful candidate will readily apply analytical skills to documented procedures to ensure accurate and efficient document review to meet commitments and deadlines. Additionally, the successful candidate will be curious and able to respectively question and challenge to meet desired outcomes.
Work Arrangements/Location: This position will be located in Principal's Global Headquarters in Des Moines, IA. The position will work in the office 4 days per week and one day a week remote!
Salary Range Information
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range
$57000 - $77900 / year
Additional Information
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we serve our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Need assistance? Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact Human Resources at (515) 247.MYHR (6947) or at 1.866.524.MYHR (6947).
Posting Window
We will be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.
Date First Posted (TTF)
12/20/2023
Latest Post Date: Careers - US
12/20/2023